Stock FUTURES To Keep A Close Eye On

[sabhlok_r]

good call ST....hcltech....keep up the good work

Rajesh

 

[SexyTrader]

HCLtech(Fut) is fun to SHORT....coz this one crumbles slowly like the nine-pins game :thumb:

I'm going to catch HCLtech(Fut) crumbling down slowly to 439 or lower :clapping:

 

[mravi]

I have a question related to ATR(Average True Range). How to use ATR effectively?

How do you plan your trade based on this?

Let's say there is a MACD Crossover in HDIL (indicating a buy singnal), current price say 75.

Let's say ATR of HDIL in hourly chart indicates a value of 1.3, and daily chart a value of 4.

Will it be correct to assume that the stock will 76.3 in next one hour, because ATR is 1.3 and current price is 75?

Second question is: It also looks like ATR indicates how fast we can gain/loose money in a stock. For example the same HDIL may fall by 1.3 rupees in per hour, going down to 69.8 rupees in next 4 hours. Or the other way to 80.2. Do I make sense? Is my understanding correct?

 

[mravi]

HCLtech(Fut) is fun to SHORT....coz this one crumbles slowly like the nine-pins game :thumb:

I'm going to catch HCLtech(Fut) crumbling down slowly to 439 or lower :clapping:

STrader
But how arrived to this? If it is okay, can you please explain?

Is it based on Price/Volume or any indicators?

 

[SexyTrader]

STrader
But how arrived to this? If it is okay, can you please explain?

Is it based on Price/Volume or any indicators?

Sure I can explain

I arrived at this with the only indicator/oscillator I have.....my BRAIN :thumb:

I trade INSTINCTIVELY....oh yes I use my BRAIN a lot though

 

[terry1234]

I have a question related to ATR(Average True Range). How to use ATR effectively?

How do you plan your trade based on this?

Let's say there is a MACD Crossover in HDIL (indicating a buy singnal), current price say 75.

Let's say ATR of HDIL in hourly chart indicates a value of 1.3, and daily chart a value of 4.

Will it be correct to assume that the stock will 76.3 in next one hour, because ATR is 1.3 and current price is 75?

Second question is: It also looks like ATR indicates how fast we can gain/loose money in a stock. For example the same HDIL may fall by 1.3 rupees in per hour, going down to 69.8 rupees in next 4 hours. Or the other way to 80.2. Do I make sense? Is my understanding correct?

ATR is basically used for placing stop losses, If current price is 75 (assumed you have taken position at 75) and ATR is 1.3, then you must place your stop loss at 1.5 times of ATR i.e at 73.05.

 

[luvmalik]

will buy 3-4 bank futures first thing in the morning.

anticipating crr cut aswel

 

[SexyTrader]

HCLtech(Fut) crashing down further :thumb:

The right price for this derivative is at 439 or lower, so will book profits in SHORT-sell at 439 (or lower!)

 

[mravi]

Sure I can explain

I arrived at this with the only indicator/oscillator I have.....my BRAIN :thumb:

I trade INSTINCTIVELY....oh yes I use my BRAIN a lot though

:thumb:

HCL Tech is moving down. Amazed...

 

[luvmalik]

bad day for me, got profit in 2 banks, but nifty took away all the profit and left a loss of 7000.